Dutch Metal Workers' Fund PME Unveils Interim CIO

(September 2, 2013) — Following the untimely death of the Dutch pension fund PME’s CIO John Van Markwijk, the fund has decided to appoint an interim CIO.

aiCIO can reveal that Inge van den Doel, current CIO of the third largest Dutch pension scheme PMT, has been appointed to assist the investment team at PME while the search for a permanent CIO continues.

PME—the metal workers’ pension scheme—lost CIO van Markwijk after he died unexpectedly on 6 April, 2013.

He had been working at PME, the fifth largest pension fund in the Netherlands, since 2010, and was managing director at risk specialist and consultant Ortec for two years prior to that.

Van den Doel has been the CIO for PMT—the metal and technical workers’ pension fund— since April this year, having previously worked for the country’s central bank and financial regulator—the DNB—as an adviser on the investment committee.

She also spent a brief period in 1998 at the Bank of England as a portfolio manager.

There had been suggestions that Van den Doel’s appointment was symptomatic of a future merger between the two pension funds, but PMT’s press office went to great lengths to deny the suggestion.

Speaking to aiCIO, PMT’s press spokesman said Van den Doel’s move to PME was only an interim appointment and that there were no plans currently to merge the two pension funds.

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